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Neinor Homes (XMAD:HOME) Intrinsic Value: Projected FCF : €20.24 (As of Apr. 29, 2024)


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What is Neinor Homes Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-29), Neinor Homes's Intrinsic Value: Projected FCF is €20.24. The stock price of Neinor Homes is €10.30. Therefore, Neinor Homes's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

The historical rank and industry rank for Neinor Homes's Intrinsic Value: Projected FCF or its related term are showing as below:

XMAD:HOME' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.42   Med: 0.47   Max: 0.52
Current: 0.51

During the past 9 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Neinor Homes was 0.52. The lowest was 0.42. And the median was 0.47.

XMAD:HOME's Price-to-Projected-FCF is ranked better than
59.73% of 1264 companies
in the Real Estate industry
Industry Median: 0.64 vs XMAD:HOME: 0.51

Neinor Homes Intrinsic Value: Projected FCF Historical Data

The historical data trend for Neinor Homes's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Neinor Homes Intrinsic Value: Projected FCF Chart

Neinor Homes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only - - - 19.46 20.24

Neinor Homes Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.66 18.52 19.46 19.55 20.24

Competitive Comparison of Neinor Homes's Intrinsic Value: Projected FCF

For the Real Estate - Development subindustry, Neinor Homes's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Neinor Homes's Price-to-Projected-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Neinor Homes's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Neinor Homes's Price-to-Projected-FCF falls into.



Neinor Homes Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Neinor Homes's Free Cash Flow(6 year avg) = €76.44.

Neinor Homes's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*76.43568+975.374*0.8)/74.508
=20.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Neinor Homes  (XMAD:HOME) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Neinor Homes's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=10.30/20.239353466429
=0.51

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Neinor Homes Intrinsic Value: Projected FCF Related Terms

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Neinor Homes (XMAD:HOME) Business Description

Industry
Traded in Other Exchanges
Address
Calle Ercilla 24, Bilbao, ESP, 48011
Neinor Homes SA is a residential property development company in Spain. The company is engaged in developing and selling property developments. Its operating segment includes Rentals, Asset management, Legacy, and Development. The company generates maximum revenue from the Development segment.

Neinor Homes (XMAD:HOME) Headlines

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